Treasury Ministry rumored to be considering only Polish investors for WSiP
Wydawnictwa Szkolne i Pedagogiczne (WSiP) textbook publishing company is
still awaiting a decision by the Treasury Ministry concerning the choice
of an investor for the firm. Three candidates are interested in buying up
to 80% of shares in WSiP: international media group Pearson Plc, and two
Polish ones - printing company Uniprom and consortium Polskie Ksiazki
Edukacyjne. It is still unknown which of the three will takeover the
stake. According to unofficial information only the Polish firms are being
considered by the Ministry. WSiP is the biggest educational publishing
house in Poland. Its share in the textbooks market is 35%. "By Aug. 30, we
achieved last year's total sales of 16.6 million textbooks," said WSiP
president Rafal Grupinski. (Puls Biznesu, page 3)